Marathon Oil Corp Sentiment Improves on Better Stock Potential

June 29, 2018 - By Robin Claypool

Marathon Oil Corporation (NYSE:MRO) Logo

Sentiment for Marathon Oil Corp (NYSE:MRO)

Marathon Oil Corp (NYSE:MRO) institutional sentiment increased to 0.96 in 2018 Q1. Its up 0.08, from 0.88 in 2017Q4. The ratio is more positive, as 213 investment professionals opened new or increased stock positions, while 223 sold and trimmed holdings in Marathon Oil Corp. The investment professionals in our partner’s database reported: 647.65 million shares, down from 664.17 million shares in 2017Q4. Also, the number of investment professionals holding Marathon Oil Corp in their top 10 stock positions increased from 4 to 5 for an increase of 1. Sold All: 29 Reduced: 194 Increased: 147 New Position: 66.

Marathon Oil Corporation operates as an energy company. The company has market cap of $18.06 billion. It operates through three divisions: North America E&P, International E&P, and Oil Sands Mining. It currently has negative earnings. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids , and natural gas in North America.

The stock increased 2.27% or $0.47 during the last trading session, reaching $21.17. About 6.37 million shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 53.41% since June 29, 2017 and is uptrending. It has outperformed by 40.84% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on August, 1. They expect $0.16 EPS, up 166.67 % or $0.40 from last year’s $-0.24 per share. MRO’s profit will be $136.51M for 33.08 P/E if the $0.16 EPS becomes a reality. After $0.18 actual EPS reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

Encompass Capital Advisors Llc holds 3.64% of its portfolio in Marathon Oil Corporation for 1.85 million shares. Sir Capital Management L.P. owns 1.22 million shares or 3.44% of their US portfolio. Moreover, F&V Capital Management Llc has 2.75% invested in the company for 312,620 shares. The Texas-based Mitchell Group Inc has invested 2.7% in the stock. Hotchkis & Wiley Capital Management Llc, a California-based fund reported 38.94 million shares.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $10.21 million activity.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Ratings analysis reveals 50% of Marathon Oil’s analysts are positive. Out of 14 Wall Street analysts rating Marathon Oil, 7 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $16 while the high is $27. The stock’s average target of $21.07 is -0.47% below today’s ($21.17) share price. MRO was included in 19 notes of analysts from January 4, 2018. The firm has “Buy” rating given on Thursday, January 4 by Bank of America. On Sunday, February 25 the stock rating was maintained by Susquehanna with “Buy”. Susquehanna maintained Marathon Oil Corporation (NYSE:MRO) rating on Wednesday, January 17. Susquehanna has “Buy” rating and $22.0 target. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, January 29. BMO Capital Markets maintained the shares of MRO in report on Monday, February 26 with “Hold” rating. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Buy” rating by Piper Jaffray on Tuesday, January 23. Stephens maintained Marathon Oil Corporation (NYSE:MRO) rating on Tuesday, February 6. Stephens has “Hold” rating and $20.0 target. The firm has “Buy” rating by Susquehanna given on Thursday, April 19. The firm has “Hold” rating given on Monday, April 23 by Stifel Nicolaus. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, January 24.

More notable recent Marathon Oil Corporation (NYSE:MRO) news were published by: Fool.com which released: “Why Marathon Oil, WillScot, and Del Taco Restaurants Jumped Today” on June 22, 2018, also Bizjournals.com with their article: “See which Houston public cos. were the biggest winners, losers for job growth since 2009” published on June 25, 2018, Seekingalpha.com published: “Marathon Oil Is Bakken Into Oil Profits” on June 11, 2018. More interesting news about Marathon Oil Corporation (NYSE:MRO) were released by: Seekingalpha.com and their article: “Marathon Sprints Past Bottleneck Woes In Permian” published on June 28, 2018 as well as Streetinsider.com‘s news article titled: “Marathon Oil (MRO) Announces Zach Dailey as New CEO; Appoints Guy Baber as VP of IR” with publication date: June 25, 2018.

Marathon Oil Corporation (NYSE:MRO) Institutional Positions Chart

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